• Register
Return to: Home > News > Financial Results > Audit fees rise more than 14% in five years for UK charities

Audit fees rise more than 14% in five years for UK charities

Audit fees cost the UK’s largest charities £72.3m ($91.1m) between 2017/18, increasing by £10.2m ($12.8m) in five years, according to the Charity Financials Audit Spotlight Report 2019. The review of the UK's largest 5000 charities and the accounting firms employed to carry out the required annul audit also showed that 43% of charities have not changed auditor over the last decade although there were 344 auditor changes in the latest financial year when compared to the previous year.

Crowe UK LLP once again top the fee tables earning £6.4m in fees, giving the firm an 8.9% market share while the firms with the most clients are haysmacintyre with 303 clients, followed by Crowe UK LLP with 271 and RSM with 213.

Top Content

    South Africa: sensing new opportunities

    It has been an interesting couple of years for the profession in South Africa. A number of high-profile scandals have brought the profession and the role of auditors into sharp public focus, brewing a distrust towards accountants and a large expectations gap. Joe Pickard reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.